📊 Weekly Analysis for AUD/USD
🔍 Technical Outlook by Shaker Trading
✅ Reasons for the Bearish Outlook:
Descending Price Channel:
The pair is clearly moving within a downward channel, reflecting continued bearish pressure in the medium to long term.
Overbought Signals on Indicators:
Both RSI and MACD are showing overbought conditions, suggesting a possible reversal from current levels.
Strong Supply Zones:
Price has entered into major supply zones that are likely to act as resistance and push the price downward.
📌 Trading Idea:
As long as the price remains below the supply zone and inside the descending channel, the bearish bias remains valid.
Best sell opportunities are expected from the upper resistance areas highlighted on the chart.
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🔍 Technical Outlook by Shaker Trading
✅ Reasons for the Bearish Outlook:
Descending Price Channel:
The pair is clearly moving within a downward channel, reflecting continued bearish pressure in the medium to long term.
Overbought Signals on Indicators:
Both RSI and MACD are showing overbought conditions, suggesting a possible reversal from current levels.
Strong Supply Zones:
Price has entered into major supply zones that are likely to act as resistance and push the price downward.
📌 Trading Idea:
As long as the price remains below the supply zone and inside the descending channel, the bearish bias remains valid.
Best sell opportunities are expected from the upper resistance areas highlighted on the chart.
🔥 Copy Trading for Free
Follow pro strategies and trade smarter – all for free with our Copy Trading service. No fees, no subscriptions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.